The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBOTT LABORATORIES COM 002824100 43,525,201 423,933 SH SOLE 423,933 0 0
ACCENTURE PLC CL A SHS CLASS A G1151C101 22,694,291 114,450 SH SOLE 114,450 0 0
ALCON AG ORD SHS H01301128 18,510,929 249,707 SH SOLE 249,707 0 0
ALPHABET INC CL C CAP STK CL C 02079K107 83,161,575 289,903 SH SOLE 289,903 0 0
AMERICAN EXPRESS CO COM 025816109 53,302,118 176,217 SH SOLE 176,217 0 0
AMETEK INC COM 031100100 35,128,459 163,876 SH SOLE 163,876 0 0
AMPHENOL CORP NEW CL A 032095101 66,699,154 527,892 SH SOLE 527,892 0 0
ANALOG DEVICES INC COM 032654105 63,198,511 198,650 SH SOLE 198,650 0 0
APPLIED INDL TECHNOLOGIES IN COM 03820C105 473,331 1,784 SH SOLE 1,784 0 0
APPLIED MATERIALS INC COM 038222105 89,872,313 262,946 SH SOLE 262,946 0 0
AUTOMATIC DATA PROCESSING INC COM 053015103 28,705,270 141,280 SH SOLE 141,280 0 0
BADGER METER INC COM 056525108 97,352 639 SH SOLE 639 0 0
BIO-TECHNE CORP COM 09073M104 425,240 8,137 SH SOLE 8,137 0 0
BOOKING HOLDINGS INC COM 09857L108 38,334,964 9,105 SH SOLE 9,105 0 0
BROWN & BROWN INC COM 115236101 43,037,948 659,990 SH SOLE 659,990 0 0
CRANE COMPANY COMMON STOCK 224408104 362,691 2,121 SH SOLE 2,121 0 0
EQUIFAX INC COM 294429105 22,857,906 126,939 SH SOLE 126,939 0 0
ESAB CORPORATION COM 29605J106 318,398 3,294 SH SOLE 3,294 0 0
EVERCORE INC CLASS A 29977A105 270,450 906 SH SOLE 906 0 0
HAMILTON LANE INC CL A 407497106 215,400 2,167 SH SOLE 2,167 0 0
HDFC BANK LTD ADR SPONSORED ADR 40415F101 21,484,900 863,541 SH SOLE 759,146 0 104,395
INTERDIGITAL INC COM 45867GAD3 145,866 483 SH SOLE 483 0 0
INTUIT COM 461202103 20,786,236 48,074 SH SOLE 48,074 0 0
HENRY JACK & ASSOC INC COM 426281101 480,916 3,043 SH SOLE 3,043 0 0
LEMAITRE VASCULAR INC COM 525558201 209,606 1,920 SH SOLE 1,920 0 0
LITTELFUSE INC COM 537008104 455,068 1,341 SH SOLE 1,341 0 0
MARKETAXESS HLDGS INC COM 57060D108 264,628 1,604 SH SOLE 1,604 0 0
MASTERCARD INCORPORATED CL A 57636Q104 28,033,924 56,106 SH SOLE 56,106 0 0
MICROSOFT CORP COM 594918104 66,434,780 179,471 SH SOLE 179,471 0 0
MSCI INC COM 55354G100 19,508,928 36,194 SH SOLE 36,194 0 0
NASDAQ INC COM 631103108 43,465,632 512,023 SH SOLE 512,023 0 0
NVENT ELECTRIC PLC SHS G6700G107 564,077 4,769 SH SOLE 4,769 0 0
PAYCOM SOFTWARE INC COM 70432V102 96,746 796 SH SOLE 796 0 0
RB GLOBAL INC COM 74935Q107 9,249,325 96,452 SH SOLE 4,554 0 91,898
RESMED INC COM 761152107 45,574,154 203,021 SH SOLE 203,021 0 0
RLI CORP COM 749607107 123,435 2,164 SH SOLE 2,164 0 0
ROSS STORES INC COM 778296103 51,724,312 238,768 SH SOLE 238,768 0 0
RYAN SPECIALTY HOLDINGS INC CL A 78351F107 131,451 3,896 SH SOLE 3,896 0 0
SALESFORCE INC COM 79466L302 19,664,938 105,346 SH SOLE 105,346 0 0
STIFEL FINL CORP COM 860630102 345,650 4,676 SH SOLE 4,676 0 0
STRYKER CORP COM 863667101 31,225,251 95,028 SH SOLE 95,028 0 0
TAIWAN SEMICONDUCTOR SP ADR SPONSORED ADR 874039100 93,001,136 275,192 SH SOLE 253,725 0 21,467
THERMO FISHER SCIENTIFIC INC COM 883556102 47,873,056 97,396 SH SOLE 97,396 0 0
TRANSUNION COM 89400J107 170,553 2,465 SH SOLE 2,465 0 0
VISA INC CLASS A SHARES COM CL A 92826C839 58,633,653 193,997 SH SOLE 193,997 0 0
WATTS WATER TECHNOLOGIES INC CL A 942749102 331,801 1,143 SH SOLE 1,143 0 0
WR BERKLEY CORP COM 084423102 25,886,781 390,567 SH SOLE 390,567 0 0
WW GRAINGER INC COM 384802104 21,708,210 19,901 SH SOLE 19,901 0 0
ZOETIS INC CL A 98978V103 35,376,234 299,266 SH SOLE 299,266 0 0